If You Had $1,000 Right Now, Would You Buy The Dip In Ethereum Classic, Shiba Inu, Litecoin Or Dogecoin?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. read more.....»»

Category: blogSource: benzingaDec 4th, 2021

How to mine cryptos like bitcoin, ether, and doge: Your complete guide to the tech setups, potential profits, and risks involved

We spoke to multiple crypto miners who broke down the costs, equipment setups, profits, and risks that are associated with mining. Crypto mining is seeing a surge in interest as people scramble to participate in the market.Nurphoto/Getty Images Interest in crypto mining surged in 2021 as people participated in the industry's upside.  Miners are essential to crypto because they help maintain blockchains and record transactions. Insider regularly interviews miners of various cryptos to detail their setups, earnings, and costs. You can read all about it by subscribing to Insider. The cryptocurrency boom of 2021 attracted interest from people looking for how to profit from the nascent asset class. Staking coins to earn interest and spending them in metaverses were just some of the ways that more crypto investors jumped on the bandwagon. Additionally, crypto mining remains one of the most viable ways to participate in the upside of digital currencies. In practice, miners' computers compete by solving complex mathematical equations that help verify digital currency transactions and update the shared ledger called the blockchain. Their reward for solving these problems is a share of the cryptocurrency that's associated with the blockchain they are part of. Since cryptos are decentralized, meaning that no governing intermediaries are recording each transaction, miners are essential to keeping the crypto ecosystem alive. But mining is not without current and future roadblocks. The environmental impact of its electricity usage is a persistent concern. In 2021, miners fled China after the government banned mining in some provinces. And, the infrastructure bill that proposed more stringent tax-reporting requirements for miners showed that more regulatory firestorms could come.   Additionally, mining is not a golden ticket to crypto riches. Payouts vary and are subject to the volatility that's synonymous with this budding asset class. Equipment and electricity costs can also bite off any earnings. Despite these hurdles, crypto mining could continue to grow as digital currencies stretch further into the mainstream. The global market-research firm Technavio estimated that the market for ASIC hardware and graphic processing units (GPUs) will grow by $2.80 billion at a compounded annual rate of over 7% from 2020-2024.Insider has interviewed several miners who explained their processes from start to finish. We learned how they initially got smart on cryptocurrencies, the specific equipment they got started with, how they manage electricity costs, the amount of crypto they earn as rewards for maintaining the blockchain, and much more.  BitcoinMining the world's most popular cryptocurrency is one way to earn it at a potentially lower cost while participating in its upside.The practice may conjure up images of long LED-lit rows of computers, similar to the high-frequency trading systems that are out of the financial reach of most retail investors. But these facilities do not represent the full spectrum of bitcoin mining.  Insider has interviewed mining experts who run the gamut, from the founder of a company with facilities in three states to a TikToker who went viral for his $875 mini rig.      Read more:How to mine bitcoin: The founder of a mining farm breaks down the costs of electricity and equipment, how to pool, and the profits he earns in the processA key bitcoin lightning network developer shares how he makes $4,500 a month just in fees from running a node. He and 3 other crypto experts lay out how to run profitable nodes.An $875 mini bitcoin-mining rig is viral on TikTok. The video's creator told us 3 reasons why it's an appealing alternative for crypto traders, and explained its limitations.Ether The second-largest crypto by market cap recently underwent a software upgrade called the London hard fork that contained five Ethereum Improvement Proposals, or code changes. The most important one for miners was arguably EIP-1559, which mandated a minimum base fee that all users must pay to execute their transactions. Under the new system, these fees will be burned from the network instead of being rewarded to miners. In short, the upgrade means that ether miners, whose revenues had surpassed that of bitcoin miners, will be paid less. We're tracking the unfolding impact of this new development, as well as how ether miners continue to earn passive income. Read more:How to mine ethereum: A 25-year-old who pays $42 a month in exchange for half an ether monthly explains how he does it — and an expert breaks down the effect of the blockchain's recent upgrade on minersHow to mine ether for maximum profits: The CEO of a company that operates 7 mining farms breaks down how to pick the right equipment and manage electricity costs for optimal gainsOther altcoins: Doge and heliumAltcoin mining has become a hobby for people like Dason Thomas, who became interested after seeing TikTok videos of others and recognizing mining as an avenue to build wealth. Thomas' equipment includes 12 Antminer l3+'s that mine scrypt algorithms, a type of cryptography used in hashing various altcoins including dogecoin and litecoin. He also has a mini dogecoin miner that he bought for $699. This relatively cheap entry point illustrates how easy it can be to get started earning cryptos without buying them directly.Read more:How to mine shiba inu for free: A college student used his old laptop to download software that rakes in the crypto dailyHow to mine doge: An 18-year-old TikTok influencer shares his process for earning crypto without directly buying via a $700 rig — and explains how it works for other altcoins including litecoinHelium mining is surging in popularity as people clamor to get into crypto. A software engineer who bought 100 miners at $350 apiece explains how he set up his system, how much he's earning, and how to maximize gains.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 27th, 2021

Regal Cinemas will take cryptocurrencies as payment, following the lead of meme-stock favorite AMC

Customers can now pay for popcorn and tickets in digital currencies like bitcoin and ethereum, along with digital tokens like Basic Attention Token. Regal movie theater.Shutterstock Regal Cinemas is now accepting cryptocurrencies as payment for movie tickets and popcorn. The company will accept dozens of forms of digital payments, including bitcoin, ethereum, litecoin, and dogecoin. The theater chain is following AMC, which made a similar announcement earlier this month. Movie-theater chain Regal Cinemas is the latest to add cryptocurrencies as a form payment.The company, which has more than 500 theaters, will accept dozens of digital payments — including bitcoin, ethereum, litecoin, dogecoin, USD Coin and Basic Attention Token, among others — through the Flexa network, Regal said in a Tuesday statement. Regal is following the lead of its competitor AMC. Earlier this month, the meme-stock theater chain announced moviegoers could pay online in cryptocurrencies bitcoin, ether, bitcoin cash, and litecoin, adding that dogecoin, and potentially shiba inu, would be next.AMC Chief Executive Officer Adam Aron has capitalized on the large base of retail traders invested in the company and has hyped up crypto payments on Twitter.In Regal's statement, Chief Marketing Officer Ken Thewes said, "This exciting partnership enables us to easily and seamlessly accept digital currencies – including dogecoin, stablecoins and bitcoin – across our theatre footprint in a simple and completely contactless way, providing our guests with the flexibility and safety they deserve as we embark on a new era." Other brick-and-mortar chains, including Whole Foods, Crate and Barrel, and Nordstrom, have already added bitcoin as a payment method, Fortune reported previously. This year cryptocurrencies have widely moved from the edges of the finance world to the mainstream. Bitcoin, for its part, has been on a wild ride, reaching multiple new highs as retail traders and crypto whales buy into digital assets. On Tuesday, it traded at $57,421.09 at 2:36 p.m. in New York, according to Coinbase data. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 23rd, 2021

Bitcoin slips below $67,000, while litecoin heads for 30% weekly gain towards record highs after AMC says it"s on track to accept LTC payments

Bitcoin slipped below $67,000 after hitting record highs, while litecoin rose for a fourth day, heading for a 30% over the week. Bitcoin and altcoins tiero Bitcoin slipped below $67,000 after hitting record highs, while litecoin rose by almost 30% over the week. The boss of AMC said in an earnings call on Monday the company was set to take payment in litecoin and bitcoin cash by year-end. Altcoins have been on a tear this year, as investors seek cheaper alternatives to bitcoin and ethereum. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin slipped for a second day on Wednesday, as investors booked profits after this week's record highs, while smaller rival litecoin gained for a fourth day in a row, boosted by movie-theater chain AMC Entertainment's signal that it will likely accept payment in the token by year-end.The number one cryptocurrency slipped below $67,000 after having hit an all-time peak of almost $69,000 the previous day, but was still up 6% week-on-week, according to Coinbase data."Such a pullback indicates an attempt to take profit after the recent growth and look-around. The fact is that sales had prevailed on the market the day before, and this effectively shifted the balance of power into the hands of the sellers," Anton Gulin, who is regional director of AAX Exchange, said.Litecoin, meanwhile, was up by over 8% in 24 hours to trade around $275 by 6:15 a.m. ET, bringing gains over the last seven days to 31% on Coinbase.AMC CEO Adam Aron announced in the company's earnings call on Monday that the cinema chain was on track to accept bitcoin cash and litecoin payments, in addition to bitcoin, ether and dogecoin, before the end of the year. Bitcoin cash was up 5.2% at around $701.40, set for a week-on-week gain of 16%.Litecoin is one of the top performing cryptocurrencies this year, with a rise of 470%, behind ether, which is up 570%, but ahead of bitcoin, which is up 130%. Litecoin's lower energy intensity, cheaper transaction fees and higher network speed have made it popular among retail investors and businesses. Altcoins generally have been on a tear this year, as investors have sought out cheaper alternatives to bitcoin. Litecoin also likely got a boost from Ripple Labs, whose network hosts the XRP token. The company in a press release on Tuesday that it would be launching a liquidity hub that would allow financial firms to give their clients access to cryptocurrencies, such as bitcoin, ether and litecoin, as well as bitcoin cash, ethereum classic and XRP itself. "Litecoin would need to avoid the $256 pivot to bring the first major resistance level at $282 into play," FXEmpire technical analyst Bob Mason said."Support from the broader market would be needed, however, for litecoin to break out from Tuesday's high," he added.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 10th, 2021

AMC boss says shiba inu is next on its "hit parade" in figuring out how to take the crypto for payments

AMC announced in an earnings call on Monday that it was looking into how it could accept shiba inu payments in it's cinema chains. Shiba Inu Imajin No Asking AMC is exploring taking shiba inu as a currency after a Twitter poll backed the meme coin, CEO Adam Aron said Monday. The movie theater chain is on track to accept bitcoin and ethereum, and is working on dogecoin, he said on an earnings call. Aron confirmed AMC is looking into launching its own cryptocurrency and is talking to "third parties" about it. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. AMC Entertainment is looking at adding shiba inu to the roster of cryptocurrencies it wants to accept, after listening to wishes of the SHIBarmy.In a recent Twitter poll, CEO Adam Aron asked whether the movie theater chain should explore taking the meme token for online payments, and 81% backed the idea."A lot of you voted, and a lot of you voted yes, and we are now figuring out how we can take shiba inu as a currency," Aron said on an earnings call Monday."That's the next one on our cryptocurrency hit parade." Thanks to the "SHIBarmy" - fervent fans of shiba inu - the dogecoin-inspired coin soared in price at the end of October, around when the Twitter poll went live. Its price has since retreated, but it is still up 102% over the last month, according to Coinbase data.Its rise was propelled by developments such as the huge support shown in a petition urging Robinhood to list the token on its retail trading platform. Some market observers are cautious about shiba inu, given its limited use cases and the risk of its being a scam.Social-media savvy Aron has embraced AMC's fame as a meme stock and appealed directly to the retail traders who propelled it higher at the height of the pandemic.The company has already promised to accept bitcoin, ethereum, litecoin and bitcoin cash for online payments before the end of the year in December. Aron said the chain was on track to meet that deadline, and it is encoding cryptocurrency for its mobile app and website right now."We think we'll be able to launch the acceptance of dogecoin in the first quarter of '22, just a few months from now - again, on our website and smartphone app," he said.The US's largest cinema chain has already started listing dogecoin as a payment option for AMC gift cards.Aron also gave an update on the idea of AMC issuing its own cryptocurrency, saying that in the past few months, it has been "exploring with third parties" whether it is feasible.The CEO said the company believes it has figured out ways where it doesn't have to hold cryptocurrency on its balance sheet. "So we're not taking increased balance sheet risk with all this potential acceptance of cryptocurrency," he said.The social-media savvy CEO has embraced AMC's fame as a meme stock and appealed directly to the retail traders who propelled it higher at the height of the pandemic. AMC shares were up more than 10% at $40.35 on Tuesday.Read the original article on Business Insider.....»»

Category: dealsSource: nytNov 9th, 2021

Shiba inu"s epic rally has lifted its market value to $40 billion, trumping old-school and meme stocks alike. Here are 6 household names it"s beating.

Shiba inu's ascent since it was created in August last year, has ensured that its market cap would trump some of the most iconic US brands. Shiba Inu NurPhoto Shiba Inu has a market cap of $40.45 billion, greater than some US household names, including meme stocks. AMC, Robinhood, General Mills, and Taco Bell owner Yum Brands lag the meme token in size of market valuation. Thanks to the "SHIBarmy," the price of shiba inu has rallied more than 950% in the past month. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The unlikely and epic rise of shiba inu has propelled the meme-inspired cryptocurrency to a market valuation of more than $42 billion in recent days.That trumps the market worth of companies behind some of the most iconic US brands, as well as some meme stock darlings of the Reddit army.The total has fallen back to $40.45 billion as of early Saturday, according to CoinMarketCap data. But shiba inu's market capitalization has shot up since it was created in August last year.Thanks to the "SHIBarmy" - fervent fans of the coin - its price has rallied more than 950% in the past month. The rise has been spurred by Tesla CEO and crypto fan Elon Musk tweeting about his shiba inu puppy, and a crypto whale buying 276.7 billion coins. Shiba Inu is bigger than these 6 household and meme names in market cap: AMC Entertainment Holdings Noam Galai/Getty Images Ticker: AMCPrice per share: $35.37Market cap: $18.16 billionNotes: AMC, which has been around since 1920, is the largest movie theater chain in the US.AMC, which not long ago was flirting with bankruptcy, saw its stock price skyrocket this year as part of the meme stock buying spree among retail traders. Its shares have risen 1,568% this year so far.The crypto-friendly cinema chain has said it plans to accept bitcoin, ethereum, and litecoin for some payments, and announced it will take dogecoin for gift card payments after a Twitter poll was overwhelmingly in favor.AMC may even issue its own digital coin, its CEO Adam Aron said. Yum! Brands KFC SOPA Images Ticker: YUM Price per share: $124.94Market cap: $36.94 billionUS fast-food group Yum Brands is the owner of iconic brands like KFC, Pizza Hut and Taco Bell, which it operates worldwide.Based in Louisville, Kentucky, it has more than 50,000 restaurants in over 150 countries.Recently, Yum Brands snapped up an AI-powered platform to improve food prep and optimize delivery, part of a tech buying spree. Its shares are up 15% in 2021 so far. Robinhood Markets Trader MoMo Productions Ticker: HOODPrice per share: $34.97Market cap: $30.06 billionRobinhood is a US trading app and platform used by retail investors. It has built a roster of cryptocurrencies — such as bitcoin, ether and dogecoin — since it was established in 2013.Fans of shiba inu have called on Robinhood to add the coin to its crypto list, but its CEO Vlad Tenev has said the company is waiting for regulators to clarify the situation. Robinhood angered many customers earlier this year when it halted buying of GameStop, AMC and other meme stocks during an epic rally.Influential investor Cathie Wood's Ark Invest purchased $79.4 million worth of Robinhood shares this week, after the company reported disappointing earnings. Its stock has fallen more than 10% below its July IPO price of $38 per share. General Mills Cheerios Brandon Bell Ticker: GISPrice per share: $61.80Market cap: $37.43 billionMinneapolis-based General Mills, which traces its history back to 1856, is known for US household favorites like Cheerios, Progresso soup, Betty Crocker and Old El Paso. The packaged-food company has 100 brands across the world, including Jus-Rol in the UK and Latina pasta in Australia.Its products performed well during the pandemic, as people stuck at home stocked up. But its prospects were less clear as restrictions lifted and out-of-home dining came back, and as commodity costs rose.In spite of that, General Mills posted solid earnings in September, saying people are still baking like they did during lockdowns. Its stock is up 5.1% for the year so far. GameStop Gamer Philippe Desmazes Ticker: GMEPrice per share: $183.51Market cap: $14.04 billionSet up in 1984, GameStop is a video game retailer with stores across the US that became the focus of a retail-trading frenzy in January.Activist members of the Reddit forum WallStreetBets piled into the stock to try to drive its price higher and put a squeeze on institutional short sellers. GameStop's price skyrocketed more than 1,000% in just a few weeks. For the year so far, the stock is up 874%.Since the Reddit-fueled rally, GameStop management has made a push to become the Amazon of gaming with the help of Chewy cofounder Ryan Cohen. Warner Music Group Nigerian rapper and singer Burna Boy. Jared C. Tilton Ticker: WMGPrice per share: $49.49Market cap: $25.46 billionMultinational label conglomerate Warner Music Group counts Ed Sheeran, Bruno Mars, Nigerian singer and rapper Burna Boy, and rapper Lizzo among its artists. It is the world's third-largest company of its kind and has labels Warner Records, Atlantic and Parlophone on its roster.Stock in the music and entertainment group, founded in 1958, started trading on the Nasdaq exchange in June last year. Warner Music initially planned to go public in the first quarter of 2021, but pulled its IPO after the coronavirus outbreak slammed financial markets.The pandemic caused other problems for Warner Music. It caused supply problems, and its retail stores were closed. Concerts and video shoots were delayed.But analysts now expect the company to perform well, and its stock price rose after its earnings report Thursday. Its shares are up 30% for the year so far. Read the original article on Business Insider.....»»

Category: personnelSource: nytOct 30th, 2021

Trading app Public lists shiba inu coin on its trading platform as the Robinhood rival broadens crypto offerings

Public, a retail-trading app, added cryptocurrency trading to its platform earlier this month. A shiba inu dog. Shutterstock Shutterstock Crypto traders can now buy and sell shiba inu coin on trading app Public, the company said. Public added cryptocurrency trading to its platform earlier this month. Public users can trade multiple coins including bitcoin, ethereum, litecoin, and dogecoin. Public, a retail trading app, added shiba inu coin to its list of cryptocurrencies users can buy and sell on the platform. The trading app added cryptocurrencies to its platform earlier this month, allowing users to invest as little as a dollar in digital assets including bitcoin, ethereum, bitcoin cash, dogecoin, litecoin, and cardano, among others.The latest addition comes as shiba inu coin, inspired by dogecoin and its namesake dog breed, has been on an epic rally this month, thanks in part to hype from Tesla Chief Executive Officer Elon Musk. Even as shiba inu coin has deleted several zeros from its decimal, it's still worth just a fraction of a penny. In an email to Insider, a spokesperson for Public said, "Because the prices of cryptos can be volatile in the short-term and tend to follow different patterns than stock market securities, Public will have Volatility Reminders on crypto pages to ensure investors can make their own decisions with context."Users who already activated crypto trading in the app can begin buying and selling the token, Public said, adding that any user can view the shiba inu page to learn more about it. Apex Crypto provides execution and custody services for the app's crypto-trading feature, Insider reported previously. Public, which launched in September 2019 as a more social investing app, has more than a million users and a market value of about $1.2 billion, according to the spokesperson. On its website, the firm says that it does not make money through payment for order flow, unlike rivals like Robinhood. It says eliminating PFOF from its business model in February was meant to align their interests with those of their users. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 20th, 2021

A nurse made his entire day"s wages trading crypto on his lunch break, so he quit his day job and now makes 7 figures

Since quitting, 31-year-old Josh Dorgan now spends more time with his newborn, Bloomberg Businessweek reported. Bitcoin. STR/NurPhoto via Getty Images A 31-year-old quit his pediatric nursing job to trade cryptocurrencies, Bloomberg reported. Now, he makes seven figures, owns a vacation home, and has more time to spend with his newborn. He told Insider he's been "very happy" with his decision. Josh Dorgan was a pediatric nurse and hospital unit manager until he realized he could be making more money as a crypto trader.The 31-year-old from Omaha, Nebraska, began trading cryptocurrency in 2017 on his work breaks, he told Bloomberg Businessweek's Katia Dmitrieva and Jill R Shah for an Oct. 14 story titled, "These Out-of-Work Americans Tell Us Job Market Turmoil Is Anything But Transitory."In Facebook messages to Insider, Dorgan said he saw a news report that bitcoin had broken $2,000. He did more research on the digital currency and said "it was a huge opportunity to get involved with crypto as early as possible."During the COVID-19 pandemic that erupted in 2020, Dorgan said that working and trading crypto became more difficult."It was really hard sitting in my office making a few hundred dollars a day or whatever it was and then taking a trade on my lunch break and making my whole day's wage in five minutes," he told Bloomberg.So, in August 2020, he quit his day job after hiring a financial adviser and making sure he had enough money saved up "in case it didn't work out," he told Insider. Now, Dorgan is making seven figures and is "very happy" with his decision, he said, noting that he's invested in traditional markets as well as bitcoin, litecoin, and ethereum. "Of course I miss taking care of the kids [at the hospital], but I'm able to help people in other ways by teaching them how the markets work," he told Insider. Dorgan now has a vacation home and spends more time with his newborn. Exercise and meditation, which he ignored for years, have also become part of his routine, Bloomberg wrote. According to his Facebook page, he's also taken up home improvement projects - another popular pastime during the pandemic.Retail traders such as Dorgan have flooded into the market amid the COVID-19 pandemic, thanks in part to having more time on their hands and government stimulus checks. And they've made their mark. An army of them have driven up the price of GameStop, AMC, and others, creating a new class of assets called "meme stocks," and they've poured into cryptocurrencies, like bitcoin. Retail traders have even backed meme-inspired digital assets like dogecoin and shiba inu. And like Dorgan, others have made their fortunes trading cryptocurrencies. One guy invested $1,000 in bitcoin at the age of 12, and is now worth millions. Another became a millionaire off the meme-inspired dogecoin. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 19th, 2021

Altcoin prices drop as investors await bitcoin ETF approval, but dogecoin and shiba inu buck the trend

Ethereum and litecoin fell while meme-inspired altcoins dogecoin and shiba inu rose ahead of the bitcoin futures ETF approval. Litecoin, ripple and ethereum cryptocurrency altcoins. Jack Taylor/Getty Image Altcoins ethereum, litecoin, and cardano fell ahead of the bitcoin futures ETF approval. Meanwhile, binance coin, dogecoin, and shiba inu rallied. The first-ever bitcoin futures ETF is set to begin trading Tuesday. Altcoin prices were mixed Monday ahead of the US Securities and Exchange Commission's approval of a bitcoin futures exchange-traded fund. Ethereum, Cardano, and litecoin each fell about 1% Monday, according to CoinMarketCap data. Meanwhile, meme-inspired dogecoin and shiba inu coin each jumped 7%, and binance coin rose more than 1%, the data showed.The cryptocurrencies moved as investors awaited the debut of the first-ever bitcoin futures ETF. The ProShares Bitcoin Strategy ETF, which will trade under the ticker "BITO," is set to begin trading on the New York Stock Exchange Tuesday.The SEC didn't intervene on ProShares listing within the 75-day filing period that ends Monday, the company said. The fund will invest mainly in bitcoin futures contracts, not directly in bitcoin. Bitcoin futures ETFs from Valkyrie, Invesco, and Van Eck may also be approved this month, CNBC said. Dozens of other companies are still awaiting approval for their funds too, Insider reported. On Monday, Bitcoin continued to climb past the $60,000 mark, trading at $62,087.80 at 10:33 a.m. in New York. About a decade ago, alternatives to bitcoin emerged in the hopes of improving on the world's largest digital asset. Now, there are thousands of altcoins, and they're even more volatile than their predecessor.Though the crypto market was mixed ahead of the bitcoin futures ETF approval, digital assets have largely been rallying this year, thanks in part to retail-trader hype. Ethereum, the world's second largest cryptocurrency, has rallied more than 400%, and Binance coin, the third largest by market value, has jumped more than 1,000%, CoinMarketCap data show. Dogecoin and shiba inu have seen eye-watering gains themselves, as Tesla CEO Elon Musk has stoked the enthusiasm around the meme coins. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 18th, 2021

The top 5 crypto predictions for 2022

Arcane Research, a blockchain research firm, made dozens of crypto predictions for 2022. Insider selected five of them. Getty Images It was a banner year for digital assets in 2021, but 2022 may be even more exciting. Arcane Research, a blockchain research firm, made dozens of crypto predictions for 2022.  Insider selected five of them, which include meme coins fading into obscurity. Sign up here for our daily newsletter, 10 Things Before the Opening Bell It was a banner year for digital assets in 2021, and the new year should see cryptocurrencies reach new milestones.Crypto investors went on yet another roller-coaster ride in 2021. Nearly every cryptocurrency from bitcoin to dogecoin hit record highs and delivered eye-popping gains. But in May, about 50% of the entire market's value was wiped out in just seven days. And September saw China's clampdown against crypto escalate to a ban on all transactions.Other wild crypto moments from 2021 came when El Salvador made bitcoin legal tender, meme tokens exploded, and an NFT sold for $69 million.So what's in store for 2022? Arcane Research, a blockchain research firm, made dozens of crypto predictions for 2022. Here are five:Bitcoin will outperform or underperform the S&P 500Despite the threat to the global economic recovery from rising coronavirus cases, both bitcoin and the benchmark index locked in impressive gains in 2021: Bitcoin jumped 66%, and the S&P 500 rose around 27%. But given that bitcoin has behaved more and more like a risk-on asset, Arcane Research said it will further amplify significant movements of the stock market."Therefore, if the stock market continues to increase in 2022, bitcoin will likely outperform," the firm said. "But if we see a red year for the stock market, bitcoin will likely underperform."Ether will outperform bitcoin againLong viewed as second fiddle, ether far outperformed bitcoin in 2021, gaining 418% compared to 66% for bitcoin."This performance gap is the widest seen since 2015 when ethereum was launched," Arcane said. Among the reasons ether will continue to outperform in 2022 is the surge in NFT sales volumes. Most of these tokens still run on the ethereum blockchain. And major upgrades this year from the Berlin update to the London hard fork helped improve the network's capacity to process more transactions.Ethereum performance in 2021Trading View, Arcane ResearchMost meme coins will fade into obscurityInvestors saw meme coins pop left and right in 2021. For example, dogecoin spinoff shiba inu rocketed 44,540,000% last year. And squid, a crypto named after the popular Netflix series "Squid Game," jumped more than 75,000% in under a week only to vanish into oblivion soon after. "We cannot summarize the 2021 market without mentioning the absurd meme coin rally of 2021," Arcane Research said, adding the phenomena will be "a historical relic of the absurd times that was 2021."USD Coin will overtake Tether as biggest stablecoinTether has reigned supreme for quite some time as the biggest stablecoin by market valuation. But it may want to watch out this year, especially with USD Coin's decision to join the lending wave."Innovative lending products paying out high yields for stablecoin deposits have primarily been the drivers for stablecoin growth," Arcane Research said.Bitcoin will remain closely linked to the VIXThe stock market had a stellar run last year, but one pattern crystallized, according to Arcane Research: "Fear in the broad financial markets directly affected bitcoin's performance."Spikes in the Cboe Volatility Index, or VIX, accompanied bitcoin sell-offs. Arcane Research warned that market headwinds in 2022 could have implications for bitcoin's short-term price trajectory.Bitcoin vs VIXTrading View, Arcane Research Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 2nd, 2022

The top 5 wildest crypto moments of 2021

To say 2021 was a crazy year for cryptocurrencies is an understatement. Insider takes a look back at the key moments. Getty Images To say 2021 was a crazy year for cryptocurrencies is an understatement. Insider takes a look back at the five wildest crypto moments. They include El Salvador making bitcoin legal tender and an NFT selling for $69 million. Sign up here for our daily newsletter, 10 Things Before the Opening Bell To say 2021 was a crazy year for cryptocurrencies is an understatement.Bitcoin soared to new highs but also achieved full legitimacy in one country. Meanwhile, meme tokens like shiba inu and dogecoin went from being jokes to delivering mind-blowing gains. The number of cryptos ballooned to more than 16,000, and the overall market cap hit $3 trillion at one point. In other parts of the space, a non-fungible token stunned the art world when it fetched a staggering $69 million to become the most expensive work of digital art in history. Insider takes a look back at the top five wildest crypto moments in 2021:El Salvador made bitcoin legal tenderNo one thought it would happen -- until it did. Nayib Bukele, El Salvador's 40-year-old president, first floated the idea of making bitcoin legal tender in June during the Bitcoin 2021 Conference in Miami. He said he hoped introducing bitcoin would be the catalyst for El Salvador's shift from being a developing country to becoming an industrialized, advanced nation. Just days after, a resolution dubbed Bitcoin Law was approved in June by a supermajority. Then, in September, El Salvador became the first country in the world to make bitcoin legal tender, elevating it to the same status as the US dollar, which replaced the colon in 2001 as the local currency.Dogecoin cracked the top 10 biggest cryptosDogecoin started as a joke in 2013. But today, the joke is on all investors who doubted the meme token. The shiba-inu-themed coin muscled its way to the top 10 cryptos by market cap in 2021, thanks in part to random boosts from staunch advocates such as Elon Musk. The coin's transformation has been astonishing. At present, dogecoin is the most searched crypto on Google and can even be used to buy certain things, including some Tesla merchandise and an AMC gift card.Shiba inu surpassed dogecoinRiding on the back of dogecoin's popularity is a spin-off that achieved even more dizzying heights. Shiba inu, the self-proclaimed dogecoin killer, vaulted out of nowhere and at one point surpassed dogecoin's market cap to join the top 10. It's now $18 billion, trailing dogecoin's $23 billion.Shiba inu, created in August 2020, saw an astronomical rally thanks in large part to its Shib Army, an overenthusiastic group of investors backing the token. In fact, shiba inu's price rocketed 44,540,000% this year, while dogecoin surged about 3,600%.An NFT sold for $69 millionIn March, artist Mike Winkelmann, better known as Beeple, sold the most expensive work of digital art in history. His "Everydays: The First 5,000 Days" NFT, which comprises 5,000 days of work, fetched a whopping $69.3 million at auction. He told Insider he did not really think much of it; he just kept producing art.The mania behind this staggering purchase is emblematic of the surge in popularity of NFTs, digital representations of artwork tied to a blockchain, typically on ethereum. When people buy NFTs, they gain the rights to the unique token on the blockchain, making these next to impossible to alter.A bunch of randos almost bought the ConstitutionA decentralized autonomous organization -- essentially a group of internet friends with a common goal -- raised around $46 million in November to buy an extremely rare print of the US Constitution. It may have sounded absurd, but the DAO actually came close to winning the Sotheby's auction until Citadel CEO Ken Griffin dashed their hopes and bought it for himself.ConstitutionDAO, the loosely organized group of around 17,000 people, still made headlines for the attempt. And while the DAO disbanded after losing the bid, it did lay bare the power of decentralization.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 1st, 2022

A crypto whale scooped up 50 billion shiba inus as the meme coin slumped this week

Recent moves by shiba inu whales have driven the cryptocurrency to soar and tumble because of their dominance in the market. id-work/Getty Images A crypto whale scooped up 50 billion shiba inu coins worth $1.8 million on Thursday as its continued to tumble.  Shiba inu has fallen 17% in the past seven days alongside a wider sell-off in cryptocurrencies. On Tuesday, another big holder purchased nearly 100 billion shiba inu coins. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. An ethereum whale purchased close to $1.8 million worth of shiba inu as the dogecoin-inspired coin slid this week during a wider sell-off in digital currencies.The whale — a popular term for a big holder — bought 50 billion of the meme coins on Thursday, according to data from Whalestats, which tracks activity for the 1,000 largest ethereum wallets. That brought the Jiraiya wallet's total holdings to 1.67 trillion shiba inu, worth $59.6 million.It follows another big shiba inu bet on Tuesday, when another whale scooped up close to 100 billion worth $3.5 million, this time on the Binance Smart Chain. Shiba inu has fallen about 17% over the past seven days, and is down 2.9% in the past 24 hours at $0.00003524, according to CoinMarketCap data. Digital currencies have tumbled as fears about the Omicron coronavirus variant detected last week roiled asset markets. Over the past seven days, leading cryptocurrency bitcoin has lost 12.9% and second-place ether, the native token of the ethereum network, has dropped 9.1%. Crypto investors have been bracing for a stronger dollar if US inflation continues to soar. On Friday, official data showed the Consumer Price Index rose 6.8% year-on-year, its highest level since 1982.Shiba inu is in the hands of a few big investors. Its biggest whale holds over 410 trillion of the coin, which is 41% of its total supply, according to CoinMarketCap data. Recent moves by shiba inu whales have driven the cryptocurrency to soar and tumble because of their dominance in the market. In November, the meme coin tumbled by as much as 21% after a big holder moved $2.3 billion worth out of wallets, which spread fears the coins would be sold and pull the price down hugely. A month earlier, shiba inu climbed 22% to hit a new record high, after another whale purchased 276.6 billion coins, worth about $11.5 million.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 10th, 2021

Luna is now the 10th largest cryptocurrency, soaring past dogecoin, avalanche, and shiba inu

Driven by DeFi traders, Terra's cryptocurrency has rallied 12,000% in a year, according to CoinGecko data. A partial lunar eclipse in Brasilia, Brazil, July 16, 2019. Ueslei Marcelino/ReutersUeslei Marcelino/Reuters Terraform Labs' luna has taken the spot as the 10th largest cryptocurrency by market cap. It's now worth $25 billion, compared with bitcoin's near trillion-dollar valuation. The token has surged as DeFi traders look for a cheaper, faster alternative to ethereum. Terraform Labs' luna has soared into the top 10 cryptocurrencies by market capitalization — beating out the popular dogecoin, avalanche, and shiba inu coin.Even though the coin slumped about 6% Monday amid a broad crypto selloff, it still showed an approximate 25% gain in the last seven days — giving it a market cap of about $25 billion, according to CoinMarketCap data. That valuation is still far off from the top cryptocurrency, bitcoin. Though it's sunk 30% from its November highs, the original digital token still has a valuation near $1 trillion.  Dogecoin and shiba inu, which have previously fought for spots in the top 10 cryptocurrencies, sat at No. 11 and 13, respectively, with "ethereum killer" avalanche at No. 12, the data show. Launched in 2018, the terra blockchain uses stablecoins to run its payments system and uses the luna token to stabilize the price of the protocol's algorithmically-backed TerraUSD stablecoin, UST.  In the decentralized finance world, aka DeFi, terra is picking up steam and taking market share from leader ethereum with faster transactions and lower fees.DeFi investors have been looking for alternatives to ethereum. That's part of the reason coins such as avalanche, solana, and luna have been on the rise, Fortune reported. Luna has soared more than 12,000% in a year, with much of the rally coming in the last four months alone, according to CoinGecko. Avalanche, for its part, has risen 2,400% in a year, while Solana, the fifth-largest cryptocurrency, has risen 9,500%, the data show.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 6th, 2021

A little known altcoin called omicron is surging as the new coronavirus variant makes headlines

The omicron altcoin, whose ticker is omic, soared as much as 960% after the World Health Organization labeled the new variant. Getty Images A little-known altcoin called omicron surged to a record high as the new coronavirus variant make headlines. The price of omicron, whose ticker is omic, peaked at $689.12 on Monday, according to CoinGecko data. The altcoin has no connection to the new strain other than its shared name. A little-known altcoin called omicron surged to a record high as the new coronavirus variant with the same name made headlines.The price of omicron, whose ticker is omic, peaked at $689.12 on Monday, according to CoinGecko data. That means the coin soared as much as 960% from the time the World Health Organization labeled the new variant Friday, when it was hovering just around $65.On Monday, the digital asset was trading at $162.14 as of 8:31 a.m. ET, roughly 76% lower from its all-time high.The altcoin has no connection to the B.1.1.529 strain other than its shared name, the 15th letter of the Greek alphabet.The coin, a decentralized reserve currency protocol that runs on the ethereum layer-two network arbitrum, is backed by several assets, such as stablecoin USD coin, according to an explainer. It is listed solely on decentralized exchange SushiSwap.And unlike other coins that were borne out of phenomenal events — such as the Squid Game token — omicron already existed before the emergence of the COVID-19 variant last week.CoinGecko, for instance, has been tracking it since November 11. The crypto data aggregator, however, does not provide further details of the coin's circulating supply or market capitalization.While the coin has a website, a Twitter account (joined October 2021), and a discord account, little else is known about it."Omicron is a clear sign of a bubble, and while it might be a good way to make a quick return, it is not a good buying option for the long-term investors," Freddie Evans, sales trader at digital asset broker GlobalBlock told Insider Monday. Altcoins, in general, have rallied in the past weeks as retail investors direct their attention to newer and lesser-known coins, such as shiba inu and dogecoin, which are increasingly becoming popular for their hefty gains compared to more established assets, like bitcoin.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 29th, 2021

Bitcoin slides, metaverse coins hammered as fears about new COVID variant drive investors to dump crypto

The discovery of a new, potentially vaccine-resistant COVID-19 variant has prompted investors to get out of riskier assets such as crypto assets. covid-19Andriy Onufriyenko Bitcoin lost 8% Friday to touch its lowest level in two months, as cryptos fell across the board. The discovery of a new, potentially vaccine-resistant COVID-19 variant drove investors to dump riskier assets. Metaverse-linked coins plunged, reversing a recent rally, as sand dropped 4.2% and mana lost 10.8%.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin, ether and metaverse-linked coins mana and sand were all knocked down in a broad-based crypto sell-off Friday as worries about the impact of a new COVID-19 variant prompted investors to sell riskier assets.Leading cryptocurrency bitcoin fell 7.5% in 24 hours to hit $54,079 at 08:50 a.m. ET, according to CoinMarketCap data. But it was paring losses logged earlier, when it dropped to $53,625 — its lowest level since October 10. The token is now on track for its biggest one-day drop in two months.Scientists in South Africa said Thursday they had detected a new COVID-19 variant, number B.1.1.529, that could be more transmissible and more resistant to current vaccines. In response, the UK suspended flights from six southern African countries and the EU said it is considering a similar flight ban. The World Health Organization plans to hold a special meeting on the situation Friday, having already warned about the surge in global coronavirus cases earlier in the week.The moves spurred fears about new anti-pandemic restrictions and their impact on economic growth, which rattled global stock markets as investors sought shelter in less risky assets. That tone was reflected in crypto markets, analysts said."Today's move shows that digital assets are susceptible to risk aversion hitting traditional markets," Freddie Evans, sales trader at digital asset broker GlobalBlock told Insider in an emailed note. "We have seen major global indices and other risk assets being hit over concern around the emergence of a new Covid variant in South Africa, which has in turn impacted bitcoin, causing $300 million to be liquidated within one hour," he said.Meanwhile, ethereum's native token ether sank 9.5% in 24 hours to $4,027.06, but was also pulling back from a bigger loss. Earlier, it fell to $3,933, its lowest level since October 24. Among altcoins, solana's sol was down 10.8%, polkadot fell 12.5%, and cardano's ada lost 9.6% on the last 24 hours. As for meme coins, dogecoin shed 8.2%, while shiba inu fell 1.6%, according to CoinMarketCap data.Metaverse-linked tokens also took a hit, coming off gains logged this week on the back of positive news such as digital property selling for millions of dollars. Gaming platform Sandbox's sand token fell 2%, while virtual real estate provider Decentraland's mana token dropped 6.3%, according to CoinMarketCap. Despite the across-the-board declines for cryptocurrencies, not all market watchers were downbeat about the outlook for prices."For us at 21Shares, the fundamentals of the crypto verticals have not changed. We see the pace of innovation keeps moving forward and at an accelerated level," Eliézer Ndinga, research lead at the digital asset manager, said. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 26th, 2021

Avoid politics at Thanksgiving and talk about markets instead. Here"s a refresher on the craziest stories this year, from meme stocks to NFTs.

The year began with GameStop shares soaring and is ending with an internet group trying to buy the US Constitution. The Thanksgiving turkey.Hiroko Masuike/Getty Images Markets have been on a wild ride in 2021 amid new phenomena like meme stocks, NFTs, and DAOs. The year began with shares of GameStop soaring and is ending with a DAO trying to buy the US Constitution. Here are 10 conversation starters about markets to avoid politics at Thanksgiving this year. Forget politics at your Thanksgiving dinner this year. Talk markets.Think about everything that happened this year, starting with an army of retail traders causing GameStop shares to spike, to cute Japanese puppies becoming the mascots for a crypto revolution, and ending in a bunch of internet friends trying to buy the US Constitution. So here's a refresher of what happened with 10 possible ideas to get the conversation going on Thanksgiving.1) What's your favorite meme stock?Meme stocks became the first big market event this year when an army of retail traders mobilized on Reddit to drive up the prices of cheap stocks like GameStop, AMC, and BlackBerry. Then well-known trading app Robinhood halted the buying of meme stocks, initiating an uproar from traders, a Congressional hearing and a regulatory report. The meme-stock phenomenon has continued throughout the year, with new companies constantly added to the basket. For some, AMC is still their favorite. It's now accepting cryptocurrency as payment, and its CEO is a hit among retail traders.2) Want to see my NFT?Non-fungible tokens surged in popularity this year, and now the market as a whole is worth billions of dollars. The tokens are generally digital pieces of art tied to the blockchain. They're worth anywhere from a handful of dollars to millions of dollars. If you're really a crypto enthusiast, you might even bring your tungsten cube to Thanksgiving dinner. The cubes have become all the rage in the crypto world for their small size and surprising density. Shiba inu dog.Yuki Cheung/EyeEm/Getty3) I've been thinking about buying a shiba inu! (The puppy not the coin; I already have that).Demand for the Japanese hunting dogs has surged this year along with the price of meme coins like dogecoin and shiba inu coin. The cryptocurrencies, whose mascot is the shiba inu, have garnered the attention of the retail investing crowd, in addition to Tesla CEO Elon Musk and AMC CEO Adam Aron. Another shiba inu-based coin called Floki, a reference to Musk's new Japanese pup, has also joined the space. Be careful if you want to buy in, though, the cryptocurrencies — and the dogs — can be volatile. 4) How's your home improvement project going with those crazy lumber prices?Inflation is at 30-year highs thanks to a bevy of factors like shortages, supply chain bottlenecks, and government stimulus checks, among others. The price of lumber, along with a lot of other costs, surged this year as first-time buyers joined the housing market and current homeowners made updates. More recently, lumber prices have since slumped from highs earlier in the year. 5) I ordered my PS5 forever ago. One wrong turn in the Suez Canal, and I'm stuck with what I've got.In March, the Ever Given cargo ship became lodged in the pivotal waterway, prompting memes and adding to supply chain problems. After about a week blocking the canal, a fleet of tugboats and a dredger successfully freed the vessel. 6) Have you seen my Facebook — ahem, the company formerly known as Facebook — posts lately?Facebook is no longer Facebook. In October, it rebranded to Meta as it plans to move into virtual reality and the future of the internet that has been dubbed the metaverse. Since then, the concept of the metaverse has become mainstream. Elon Musk.Picture Alliance/Getty Images7) Let's talk about voting! Did you vote yes or no on Elon Musk's poll to sell his Tesla shares?Musk posted a poll on Twitter on Nov. 6 asking if he should sell 10% of his stake in Tesla. The resounding answer was yes, and he's so far offloaded about $9 billion worth of shares. The Tesla chief's tweets have become increasingly influential this year, as his posts about digital assets, like dogecoin, bitcoin, and ethereum, have helped drive broad crypto rallies. On top of that, his own company has joined the $1 trillion club, and he's now the wealthiest man in the world.8) What did you think of Squid Game? The Netflix hit show that garnered more than 140 million viewers, according to Forbes, also inspired a cryptocurrency that soared in value in a matter of days in October. But it was a scam. The owners took their profits and the crypto went offline. 9) How much did you make off Trump's SPAC?Blank-check companies known as SPACs were once a little known way for companies to go public, but during the pandemic they became wildly popular. Former president Donald Trump used one called Digital World Acquisition Corp. to take his company, Trump Media & Technology Group, public. DWAC shares quickly became a meme and surged in value on the news.10) Can someone please explain to me what a DAO is?It's a decentralized autonomous organization, better yet, it's just a bunch of internet friends getting together to accomplish a goal. One DAO bought the secretive Wu-Tang Clan album once owned by infamous pharma bro Martin Shkreli. Another tried to purchase the Constitution but was outbid by Citadel Securities' Founder Ken Griffin. Now one is trying to buy an NBA team. Read the original article on Business Insider.....»»

Category: dealsSource: nytNov 23rd, 2021

The biggest gains in value and popularity among cryptocurrencies have been led by altcoins this year — here are 5 biggest winners in 2021

Shiba inu topped BrokerChooser's analysis of the biggest gainers in price and popularity terms in the crypto market. Jakub Porzycki/NurPhoto via Getty Images Altcoins in 2021 dominated in value and popularity growth in the now-$2.6 trillion cryptocurrency market.  Shiba inu was the top performer in both categories, according to analysis by BrokerChooser.  Meme token dogecoin and ethereum rival solana also made the list.  Altcoins have been a major driver of the booming cryptocurrency market, which briefly topped a $3 trillion capitalization in 2021, with shiba inu and others leading in value and popularity growth, according to analysis published Monday. Bitcoin remains the biggest cryptocurrency with a roughly 42% volume dominance and a $1.1 trillion market capitalization, and its skyrocketing price has captured attention and funds from institutional and retail investors. "And while Bitcoin is undoubtedly still the king of cryptocurrencies, there are thousands of other coins and tokens, some of which have actually enjoyed greater surges in popularity and price than Bitcoin in the last twelve months," said BrokerChooser, an international broker comparison website, in a report.​​The company, which hosts reviews of brokers in 227 countries and territories, said it compared interest via Google search data and price in terms of US dollars between September 2020 and September 2021 for the 50 current biggest crypto coins.Shiba inu increased the most by each measure, with its value surging by 2.4 million percent over a 12-month period ended September 2021. A recent rally shot shiba inu to the 11th spot among the world's most valuable cryptocurrencies, a position that has since slipped slightly, to 12th place, according to CoinGecko. Dogecoin came in second on the list of price increases at 9,567% growth this year. "Envisaged as being a light-hearted and fun cryptocurrency to poke fun at the emerging world of crypto, [dogecoin] ended up building its own community and taking off in a huge way, particularly after being frequently mentioned by Elon Musk on social media," said BrokerChooser, noting the Tesla boss has said dogecoin is part of his personal portfolio. Behind dogecoin was Terra, which trades as LUNA, with its price jump of 6,496% to $31.66 in September.  The token, developed by South Korean firm Terraform Labs, is used for governance and staking on a decentralized financial payment network that powers a basket of stablecoins for cross-border transactions. Terra's price "exploded" in January when it raised $25 million in a funding round from Galaxy Digital, Coinbase Ventures, Pantera Capital, and others, said BrokerChooser. Shiba Inu led in the number of searches, with "Shiba Inu coin" soaring to 1.5 million searches from 70. Searches began to increase despite the coin's "incredibly low" price of $0.0000000003 in September 2020 that eventually drove up to $0.0000072 a year later. "[If] you had invested just $10 in the currency in September 2020 you'd have over $200,000 just 12 months down the line," said BrokerChooser.Rounding out the top three in popularity terms, polygon searches surged by 100,456% to 90,500, followed by Terra, up 5,556% to 18,100. Polygon, formally known as Matic, is designed to scale ethereum chains and develop the blockchain's infrastructure.Polygon was the fourth-biggest price gainer, up 4,800% to $1.47. Solana ranked fifth with a rise of 2,458% to $111.03. Solana's popularity has been fueled by bets it will overtake ethereum in the world of smart contracts and by growth in play-to-earn games.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 22nd, 2021

The team behind the $24 billion Shiba Inu altcoin warns about a scam targeting potential investors

"A Fake Shiba Inu Telegram group is being shared across social media. The scammers impersonate official accounts, and create fake users," Shib team said. Shiba inu.Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Scammers have been targeting shiba inu online, said the team behind the altcoin.  The Shib team in a video warning told investors to "stay alert" for fake groups and giveaways using shiba inu hashtags.  The scam surrounding shiba inu coin follows its surge in market capitalization this year.  The people behind the shiba inu altcoin, which has swelled to a $24 billion valuation this year, issued a fraud alert Sunday, warning investors that its community is being targeted by online scammers. "Stay Alert & Safe #ShibArmy!," said the so-called Shib team in a video posted on Twitter, saying it's been made aware of a recent scam traveling across various social and communication platforms. "A Fake Shiba Inu Telegram group is being shared across social media. The scammers impersonate official accounts, and create fake users," and reply to general posts using hashtags associated with shiba inu including #SHIB #LEASH and #SHIBASWAP, the team said. The group also alerted investors to not share wallet keys or provide email addresses or passwords to anyone. "There is no: Breaking News! Big Event! There is no: Shiba Airdrop!," it said in the video. Shiba inu's price was down on Monday, off by 0.2% at $0.00004493, and hovered around a valuation of $24 billion. The warning comes as the ethereum-based dogecoin spinoff has soared in popularity and market valuation. In rallying during October, it shot up to a nearly $36 billion market capitalization from $3.59 billion at the end of September and became the 11th most valuable cryptocurrency.It's listed on Coinbase, the largest crypto exchange in the US, as well as on and eToro. This month, it was added to the crypto exchange Public and to Gemini, the crypto exchange run by the Winklevoss twins. But other exchanges said they will continue monitoring shiba inu before listing. Robinhood, for one, said it would focus on investor protection before listing the token. Shiba inu was launched in August 2020 by someone called Ryoshi, who outlined a goal of moving away from "rigid social structures and traditional mindsets" in a 28-page white paper, dubbed a "woof paper."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 22nd, 2021

AMC will accept shiba inu for online payments by next quarter, according to the chief executive

AMC will start accepting shiba inu online in the next two to four months, CEO Adam Aron said on Monday. Shiba Inu and umbrellazoljo AMC will be accepting shiba inu online in the next two to four months, CEO Adam Aron said on Monday.    Aron said online payments company Bitpay had agreed to support shiba inu for purchases of movie tickets and concessions. Aron recently ran a Twitter poll asking if the company should take the meme token as payment - 81% said "yes". Sign up here for our daily newsletter, 10 Things Before the Opening Bell. AMC Entertainment, the largest movie theater chain in the US, will start accepting crypto meme coin shiba inu for online payments in the next two to four months, according to chief executive Adam Aron. Aron tweeted the decision on Monday and said it was thanks to crypto payment provider Bitpay that the company could offer the dogecoin spin-off in addition to other digital tokens to pay for movie tickets and concessions.  Aron said AMC would be the first Bitpay client to accept shiba inu. "Attention #SHIBArmy: Our friends @Bitpay decided to support Shiba Inu specifically because I asked, so AMC can take shiba inu for online payments of movie tickets and concessions. @AMCTheatres to be the first @bitpay client to accept Shiba Inu. Timing 60-120 days. This is a WOW!" Aron said. Adam Aron tweetAdam Aron TwitterAMC had already announced earlier this month in an earnings call that it was exploring how it could accept shiba inu. Aron said the company had found a solution that meant it did not have to hold crypto on its balance sheet, with all the associated risks."A lot of you voted, and a lot of you voted yes, and we are now figuring out how we can take shiba inu as a currency," Aron said in an earnings call last Monday."That's the next one on our cryptocurrency hit parade."Aron had launched a Twitter poll late October asking if the company should accept shiba inu payments and 81.4% had said "for sure".Thanks to the "SHIBarmy"  - fervent fans of shiba inu -  pushing for Robinhood to list it and huge purchases by crypto whale, the coin has doubled in value in the space of a month, according to Coinbase data. Shiba inu was last down 9% on Tuesday, as the broader cryptocurrency market got knocked lower by a combination of bearish factors. Aron has embraced AMC's fame as a meme stock and appealed to the retail traders that propelled it higher during the pandemic.Aron also tweeted on Friday that AMC now accepted bitcoin, ether, bitcoin cash and litecoin for online payments for its website and smartphone app. It had already accepted crypot for gift card payments.  The company also announced in the earnings call that it would also accept dogecoin for online payments by the first quarter of 2022. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 16th, 2021

The Winklevoss twins" Gemini crypto exchange has added shiba inu coin to its platform following the meme coin"s big rally

Gemini also announced the listing of audius, mask network, quant, radicle, fetch, and wrapped centrifuge, among others. Yuki Cheung/EyeEm/Getty Gemini has added shiba inu to its platform following meme token's stunning rally this year. The crypto exchange also announced the listing of audius, mask network, quant, radicle, and fetch, among others. Gemini joins the growing list of exchanges in listing the new coin amid a surge in demand from retail investors. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Crypto exchange Gemini has added shiba inu coin to its platform following meme token's stunning rally this year.Along with the dogecoin spinoff, the exchange also announced the listing of audius, mask network, quant, radicle, fetch, and wrapped centrifuge, among others.Gemini, founded by Tyler and Cameron Winklevoss in 2014, currently has 21 cryptos listed on its platform."Dear #SHIB army, Gemini has answered your call. To the moon!" Tyler Winklevoss tweeted on November 15.Gemini joins the growing list of crypto exchanges in listing the new coin amid a surge in demand from retail investors. Coinbase, the largest crypto exchange in the US listed shiba inu in September, and was followed by Public in November. listed shiba inu in May while eToro listed it in July.The eye-popping rally of the dogecoin spinoff has propelled it to become the 11th largest cryptocurrency by market valuation, according to CoinMarketCap, after being created only in August 2020. It has gained almost 570% in a month, compared with a rise of 20% in bitcoin, the largest crypto by market value.Shiba inu's growth reinforces why some retail investors are directing their attention to newer and lesser-known coins, which have become popular for their hefty gains compared to other more established assets.Still, some exchanges, like Robinhood, said they choose to take a more cautious approach and focus on investor protection before listing.Shiba inu is an ethereum-based alternative to dogecoin. It was founded by someone going by the name Ryoshi, whose goal was to move away from "rigid social structures and traditional mindsets," according to the coin's 28-page white paper, dubbed a "woof paper."    Read the original article on Business Insider.....»»

Category: dealsSource: nytNov 15th, 2021

AMC is officially accepting bitcoin and ether in online payments with dogecoin coming next, CEO says

"We proudly now accept: drumroll, please bitcoin, ether, bitcoin cash, and litecoin," AMC CEO Aron Adams said in a tweet. "Dogecoin next." AMC theater. Noam Galai/Getty Images AMC is officially accepting select digital assets for online payments, according to CEO Adam Aron. "We proudly now accept: drumroll, please… bitcoin, ether, bitcoin cash, and litecoin," he said in a tweet. "Dogecoin next." Aron said in September that he intended to have the new feature in place by year-end. AMC Entertainment, the movie theater chain beloved by many cryptocurrency enthusiasts, is officially accepting select digital assets for online payments, CEO Adam Aron revealed in a tweet late Thursday."Big newsflash! As promised, many new ways NOW to pay online at AMC. We proudly now accept: drumroll, please… bitcoin, ether, bitcoin cash, and litecoin," he said.Apple Pay, Google Pay, PayPal are also now accepted, he added, with "Dogecoin next."The unveiling of the new mode of payment came after Aron teased the possibility multiple times in the past. He said in September that he intended to have it in place by year-end.And while dogecoin is still in the works as a means for online payment, AMC began accepting it last month for gift card purchases of up to $200 a day using a BitPay Wallet.The inclusion of dogecoin can be attributed to a recent Twitter poll Aron launched, asking for input on whether AMC should consider accepting it. The survey garnered 140,000 votes, of which 68.1% said yes.And earlier in November during AMC's earnings call, AMC said it is looking at adding shiba inu to the list after strong demand from the SHIBarmy. Shiba inu is a new meme token that has had a stunning rally since the start of the year. Again, a Twitter poll was launched, and after 153,100 votes, 81% backed the idea.AMC, once a struggling company that has flirted with bankruptcy in the past, skyrocketed to fame earlier this year amid the meme stock frenzy. Alongside GameStop, the two firms saw their share prices rise amid overwhelming demand from retail investors despite their questionable valuations.Aron thus far has embraced his company's newfound fame by playing into AMC's status as an iconic meme stock. He has, for instance, reached out to retail investors through tweets and YouTube videos, and has even offered ordinary investors movie perks such as free popcorn.In late October, Aron also floated the possibility that his movie theater chain could issue its own crypto, though he did not elaborate further.AMC shares have surged 1,600% so far this year.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 12th, 2021